The Coming Long-Run Slowdown in Corporate Profit Growth and Stock Returns

Over the past two decades, the corporate profits of stock market listed firms have been substantially boosted by declining interest rate expenses and lower corporate tax rates. This note's key finding is that the reduction in interest and tax expenses is responsible for a full one-third of all profit growth for S&P 500 nonfinancial firms over the prior two-decade period

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Year of publication:	2022
Authors:	Smolyansky, Michael
Publisher:	[S.l.] : SSRN
Subject:	Kapitaleinkommen \| Capital income \| Gewinn \| Profit \| Börsenkurs \| Share price \| Wirtschaftswachstum \| Economic growth \| Unternehmenswachstum \| Firm growth
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Series:	FEDS Notes ; No. 2022-09-06
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September, 2022 erstellt Volltext nicht verfügbar
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014076772